The ownership structure of a business includes the following forms ________.
A) individual, group, and corporate
B) sole proprietorship, partnership, and corporation
C) service, manufacturing, and financial
D) debtors, creditors, and owners
Question 2
Expenses on the income statement could be listed in the same order as they appear in the chart of accounts.
a. True
b. False
Indicate whether the statement is true or false